Lido Advisors LLC lessened its stake in Phillips 66 (NYSE:PSX) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,738 shares of the oil and gas company’s stock after selling 105 shares during the quarter. Lido Advisors LLC’s holdings in Phillips 66 were worth $322,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. IFM Investors Pty Ltd lifted its holdings in Phillips 66 by 10.2% during the fourth quarter. IFM Investors Pty Ltd now owns 25,579 shares of the oil and gas company’s stock worth $2,204,000 after acquiring an additional 2,364 shares during the period. Charter Trust Co. lifted its holdings in Phillips 66 by 5.7% during the third quarter. Charter Trust Co. now owns 11,071 shares of the oil and gas company’s stock worth $1,248,000 after acquiring an additional 595 shares during the period. Quantbot Technologies LP lifted its holdings in Phillips 66 by 59.3% during the third quarter. Quantbot Technologies LP now owns 52,251 shares of the oil and gas company’s stock worth $5,889,000 after acquiring an additional 19,451 shares during the period. Wakefield Asset Management LLLP bought a new stake in Phillips 66 during the third quarter worth $3,614,000. Finally, AMP Capital Investors Ltd lifted its holdings in Phillips 66 by 1.9% during the third quarter. AMP Capital Investors Ltd now owns 260,256 shares of the oil and gas company’s stock worth $29,377,000 after acquiring an additional 4,938 shares during the period. Institutional investors own 69.30% of the company’s stock.
NYSE:PSX opened at $98.52 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.48 and a quick ratio of 1.08. Phillips 66 has a 1 year low of $78.44 and a 1 year high of $123.97. The firm has a market capitalization of $44.30 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.37 and a beta of 0.94.
Phillips 66 (NYSE:PSX) last released its earnings results on Friday, February 8th. The oil and gas company reported $4.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.76 by $2.11. Phillips 66 had a return on equity of 21.71% and a net margin of 4.90%. The business had revenue of $29.84 billion during the quarter, compared to the consensus estimate of $35.51 billion. During the same period last year, the business posted $1.07 earnings per share. On average, equities research analysts predict that Phillips 66 will post 8.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 19th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Friday, February 15th. Phillips 66’s dividend payout ratio is currently 27.33%.
In other Phillips 66 news, Chairman Greg C. Garland sold 42,728 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $97.61, for a total value of $4,170,680.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.56% of the company’s stock.
A number of analysts recently commented on PSX shares. Raymond James dropped their price target on Phillips 66 from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, December 31st. Citigroup lifted their price target on Phillips 66 from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Argus dropped their price target on Phillips 66 to $116.00 and set a “buy” rating on the stock in a report on Thursday, February 14th. Piper Jaffray Companies reiterated an “overweight” rating on shares of Phillips 66 in a report on Thursday, January 10th. Finally, Jefferies Financial Group upgraded Phillips 66 from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $118.75.
Phillips 66 Company Profile
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks, delivers refined products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
Read More: What factors cause inflation to rise?
Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.